Common use of Repeated Defaults Clause in Contracts

Repeated Defaults. If Area Operator shall default in three (3) or more material obligations within the preceding twelve (12) months for which written notice has been provided, if required, or for which no notice was given if none required, such repeated course of conduct, which need not be the same or identical breaches, shall itself be grounds for termination of this Agreement without further notice or opportunity to cure;

Appears in 3 contracts

Sources: Franchise Agreement (NOODLES & Co), Franchise Agreement (NOODLES & Co), Franchise Agreement (NOODLES & Co)